Aperio Group LLC Purchases 2,343 Shares of Vulcan Materials Co. (VMC)
Aperio Group LLC boosted its position in Vulcan Materials Co. (NYSE:VMC) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 43,134 shares of the company’s stock after buying an additional 2,343 shares during the period. Aperio Group LLC’s holdings in Vulcan Materials were worth $4,906,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Vulcan Materials by 18.2% in the first quarter. Envestnet Asset Management Inc. now owns 15,002 shares of the company’s stock worth $1,584,000 after buying an additional 2,312 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Vulcan Materials by 63.7% in the first quarter. Royal Bank of Canada now owns 234,168 shares of the company’s stock valued at $24,722,000 after buying an additional 91,137 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of Vulcan Materials during the first quarter valued at $390,000. BNP Paribas Arbitrage SA boosted its stake in shares of Vulcan Materials by 40.2% in the second quarter. BNP Paribas Arbitrage SA now owns 36,662 shares of the company’s stock valued at $4,413,000 after buying an additional 10,518 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Vulcan Materials by 2.7% in the second quarter. DNB Asset Management AS now owns 11,317 shares of the company’s stock valued at $1,362,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.
Shares of Vulcan Materials Co. (NYSE:VMC) traded down 0.38% during mid-day trading on Wednesday, reaching $125.65. The company’s stock had a trading volume of 1,333,210 shares. Vulcan Materials Co. has a one year low of $78.83 and a one year high of $138.18. The firm has a market cap of $16.62 billion, a PE ratio of 45.87 and a beta of 1.19. The firm’s 50 day moving average is $119.10 and its 200 day moving average is $117.55.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by $0.18. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Vulcan Materials had a net margin of 10.38% and a return on equity of 8.83%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Vulcan Materials Co. will post $3.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 23rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.64%. Vulcan Materials’s payout ratio is 29.20%.
Several equities research analysts recently weighed in on the company. Argus restated a “buy” rating and set a $129.00 target price on shares of Vulcan Materials in a report on Wednesday, August 3rd. Stephens cut Vulcan Materials from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 17th. Jefferies Group restated a “hold” rating on shares of Vulcan Materials in a report on Wednesday, August 31st. SunTrust Banks Inc. raised Vulcan Materials from a “hold” rating to a “buy” rating and upped their price target for the company from $110.00 to $129.00 in a research report on Wednesday, October 26th. Finally, Bank of America Corp. lowered Vulcan Materials from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $130.70.
In related news, insider David J. Grayson sold 2,121 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $118.49, for a total value of $251,317.29. Following the completion of the sale, the insider now owns 16,648 shares in the company, valued at $1,972,621.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by corporate insiders.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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